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Trump Media stock has plunged 33% in a month (qz.com)

submitted 2 months ago by [email protected] to c/[email protected]

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https://ghostarchive.org/archive/fhX0z

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[–] [email protected] 4 points 2 months ago

the market for that stock won't hold if 60% of it hits the market

There was also that legal fight that I haven't been following earlier from some other cofounders trying to get the ability to exit earlier.

https://www.nytimes.com/2024/04/18/business/trump-media-ownership-fight.html

In their lawsuit, Mr. Moss and Mr. Litinsky claimed their right to 8 percent of Trump Media’s shares and the ability to sell them immediately. They alleged that Trump Media had unfairly barred their company, United Atlantic, from selling any shares for six months, just as the merger with Digital World was being completed. The timing of the action was punitive and “retaliatory,” Mr. Moss and Mr. Litinsky alleged.

If they haven't managed to get the ability to exit before Trump, I'm assuming that those guys are going to be jumping ship at the first opportunity as well.